Silicon Valley: No Longer a Cash Party – AlleyWatch

Silicon Valley is cooling, not crashing. Valuations are falling. The era of cheap money is over.

Based on interviews with about two dozen venture capitalists and tech investors, 2016 is shaping up to be a year of reckoning for scores of technology startups that have yet to prove out their business models, and equally challenging for those that raised money at unjustifiably high prices.